Chris Hayes broke down a plan by Republican legislators to transfer billions of dollars of taxpayer money to owners of Bitcoin in exchange for their holdings.
North Korea has stolen many billions of dollars in Bitcoin in the last 5 years due to targeting hacking efforts. However, they struggle to spend it or launder it because nobody will be the ones left holding stolen NK Bitcoin.
If we make Bitcoin strong and fungible, we empower North Korea more than anyone else. It’s a bad idea.
North Korea has stolen many billions of dollars in Bitcoin in the last 5 years due to targeting hacking efforts. However, they struggle to spend it or launder it because nobody will be the ones left holding stolen NK Bitcoin.
If we make Bitcoin strong and fungible, we empower North Korea more than anyone else. It’s a bad idea.
Also, Russia used it to get around sanctions. Go figure.